2/1 Old Wairoa Road, Papakura, Papakura

Affordable investment unit

Where else would you find an affordable investment that returns $27,600 net pa plus GST and outgoings?

The modern build of 1984 allows for an IEP Seismic Grade of 100% NBS with a Seismic Category of A rating making this property one that your bank will like.

With a total warehouse area of 148sqm, a further office and lunch room on the mezzanine floor along with the added advantage of dual access through front and rear roller doors, off street parking for two cars at the front door plus additional parking in the rear yard space makes this unit suitable for a variety of commercial/industrial use.

These are sought after properties that lease well and would appeal to owner occupiers and investors alike.

The lease which started 1st July 2017 has a rent review and right of renewal due on the 30th June 2020. The tenant, Pirtek Counties Ltd is a well know franchise of Pirtek International.

For Sale by Deadline Private Treaty closing 2:00pm Thursday 31st October 2019 (unless sold prior)